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29593824 No.29593824 [Reply] [Original]

There are 1,000,000,000 LINK tokens, which gives it a market cap of $11.3 billion.

If you remove Tether, that would place it #9 as the most valuable "cryptocurrency". If you remove XRP, which is also not a cryptocurrency, it would place it #8.

Its current position is #9 according to CoinMarketcap, but that's because 650,000,000 tokens are owned by the team. Those tokens are not locked, nor legally bound by any agreement to not be sold. In fact the team has already started dumping them. They are literally circulating by any technical or legal definition, but for some reason CoinMarketcap decides to mislead investors and say they are not circulating. (https://beincrypto.com/chainlink-team-accused-of-dumping-530-million-in-link-tokens-over-six-weeks/))

The team promises in its whitepaper that half those tokens will be "rewards for nodes", but why would you trust the team? They've lied countless times. For example when they plaster in their marketing everywhere that their oracles are decentralized (they are not), Vitalik himself says so. The only "consensus algorithm" they use is to KYC each node manually. (https://web.archive.org/web/20200416103509/https://www.reddit.com/r/LINKTrader/comments/fyxc23/whats_up_with_vitalik_constantly_bashing/fn35ae0/))

They've also lied about many partnerships. For example, they've said several times that they work with Swift, which is not true. They won some Swift competition in 2016, and radio silence since then. They still claim to be working with Swift today, but they conveniently removed it from their website not long ago. (https://web.archive.org/web/20190820085402/https://chain.link/))

They also claim to be working with Google, which is also a lie. They did 1 blog post 1 year ago, which was basically a thinly veiled ad for Google Cloud services. It was provably neither a partnership nor integration. The Google employee never even ran a node on mainnet. Yet the team constantly boasts about "working with Google".

>> No.29593850

>>29593824
They did the same with Oracle Cloud. Fernando (the Oracle employee that organized the "partnership") bragged about holding LINK after it pumped, got demoted, and all the Oracle startups that were supposed to be part of the "partnership" turned out to be dead or fake companies. It was at best a PR stunt for Oracle Cloud, at worst insider trading by Oracle employees. (https://web.archive.org/web/20200114062507/https://twitter.com/fribeiro1/status/1213946909464973316

Chainlink has dozens of other "partnerships". I don't have time to investigate all of them, but all the ones I looked into were basically fake. (And by fake I mean they are grossly exaggerated, the tweets and blogposts are real)

As of today, even though they are one of the highest valued non-bitcoin, non-ethereum cryptoccurency in the world, the only project using their centralized KYC oracles are Synthetix (according to someone from their team). (https://web.archive.org/web/20200416104122/https://www.reddit.com/r/Chainlink/comments/fdwaad/request_examples_of_apps_built_with_chainlink/fjkhsjv/))

They apparently have countless big name companies "that will use Chainlink soon", but considering their net has been usable for close to 2 years, they have 1-2+ years old "partnerships" that are still not using it, and that their MO is to lie as much as humanly possible, I doubt it's true.

>> No.29593986

Imagine buying this absolute garbage nearly one year after its release, they still don't have a SINGLE commercial customer for smart contracts, not a single paying client...not a single dollar of revenue for a couple of lines of code that are in the public domain.

The owners sit on 70% of the pre-mine, which makes this so-called project even more corrupt and useless than XRP, if that's even possible..

This piece of trash is no different than VeChain. In reality, their main product is not fees from providing oracles, but actually selling pre-mined worthless tokens to complete idiots in an unregulated environment where the SEC will not pursue them for securities fraud or conducting a pyramid scheme.

>> No.29594263
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29594263

Dr;ns
Just bought 100k
Suck my dick OP

>> No.29594342
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29594342

>>29593824
Dr;ns
Just bought 100k
Suck my dick OP

>> No.29594346

why the double spacing?

>> No.29594458

>>29593824
>>29593850
>>29593986
Not reading your blog post you tranny. Consider suicide

>> No.29594536

>>29594346
not that anyone should be reading this fud but no one would want to read it if it didn't have proper spacing you fool. reddit spacing isn't a thing

t.been here since 2007

>> No.29594614

>>29593824
>KYC
Kill Your Celf?

>> No.29594908

Thank you for your concern with regards to my financial well being. Unfortunately, I regret to inform you that at this time I will not be making adjustments to any of my holdings. Thanks again and safe travels!

>> No.29594916

>>29593824
>>29593850
>>29593986
Problem is, LINK does have a use-case, and if it ever gets adopted by the industry, it will see the moon up close.

>> No.29594998

>>29594342
>Donald Fatoshi

>> No.29595105

500+ EOY

>> No.29595380

>>29593824
Wait so you’re telling me that,
Despite being a no linker,
You actively keep up to date with the project to look out for everyone’s financial well being?

>> No.29595495

>>29593824
yes

>> No.29595509

>>29593824
Your FUD is extremely stale. Ask your boss to stop dilating and update the numbers.

>> No.29595522
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29595522

>>29593824
DNR a single word

>> No.29595888
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29595888

thats a lot of text for a product you hate wonder (((who))) is behind that.
thanks for being this concerned about my financial wellbeing i guess

FUCK ZEUS
FUCK KIKES
FUCK NIGGERS
AND FUCK JANNIES

>> No.29595999

>>29593986
Imagine spending your own valuable time writing that. That said, it’s clearly moon time

>> No.29596201

One thousand dollars end of year

>> No.29596727

>op makes valid points with citations that back up his claims
>not a single person has even attempted to address his arguments yet
the braindead cultishness of chainlink holders is honestly bullish

>> No.29597768

IM NOT SELLING YOU FUCKING NIGGERS

>> No.29599131

>>29593824
Drns nigger go dilate

>> No.29600317

>>29594263

BASED